Meridian Mining UK Societas (TSE:MNO) Raised to Strong-Buy at Scotiabank

Meridian Mining UK Societas (TSE:MNO) was upgraded by equities research analysts at Scotiabank to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Meridian Mining UK Societas Price Performance

MNO stock opened at C$1.67 on Thursday. The company has a market capitalization of C$698.55 million, a P/E ratio of -27.83 and a beta of 1.38. Meridian Mining UK Societas has a 12 month low of C$0.37 and a 12 month high of C$1.67. The firm’s fifty day simple moving average is C$1.37 and its 200-day simple moving average is C$1.06.

About Meridian Mining UK Societas

Meridian Mining UK Societas along with its subsidiaries engages in the acquisition, exploration, development, and mining activities in Brazil. It focuses on exploring and developing the Espigao manganese project, the Ariquemes tin JV area, and adjacent areas in the state of Rondonia. It also undertakes the Cabacal Project, Mato Grosso.